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**Glamyclitlemi** · 08-31-2012, 02:18 AM

Unless I'm being really dumb, a high interest savings account will return up to 10% with the figures you are quoting.

4.5% is about the best I can find at the moment. These days banks don't want to give you any kind of interest at all.

My thinking at the moment is simply to use some of our savings to pay off a chunk of the mortgage, as bank account interest rates are barely higher than our blended mortgage rate (we have 50% of the mortgage on a fixed rate, and 50% on variable).

08-31-2012, 02:18 AM	#14
Glamyclitlemi Join Date Oct 2005 Posts 466 Senior Member	Unless I'm being really dumb, a high interest savings account will return up to 10% with the figures you are quoting. 4.5% is about the best I can find at the moment. These days banks don't want to give you any kind of interest at all. My thinking at the moment is simply to use some of our savings to pay off a chunk of the mortgage, as bank account interest rates are barely higher than our blended mortgage rate (we have 50% of the mortgage on a fixed rate, and 50% on variable).
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